president obama got it right when he said that companies are awash with cash. what they are missing is enough customers out there to prompt demand and justify them spending more on plants and equipment. businesses need customers. they do not create jobs. austerity is the opposite of income creating sales. it reduces income. tax increases reduce income. spending cuts reduce income. both, i would argue, are the wrong medicine for the economy today. we have seen the effects of austerity. we do not want to follow, these countries over the cliff and gratuitously -- we do not want to follow these countries over the cliff gratuitously. [applause] thank you. >> i want to talk to brad. take the next. >> i have a couple of things to say. our $2 trillion figure is not a recommendation. it is actually a response to the fact that everyone thinks that $4 trillion is what is needed to achieve -- a debt stabilization gold, stabilizing debt to gdp, to keep that from rising faster than the economy, which ultimately is unsustainable -- how long that is sustainable is a question.